MXDE Fund Description

MXDE tracks an index of emerging-market companies, excluding those with business practices that contradict certain socially responsible investment values. The fund is optimized to maximize a proprietary measure of diversification.

MXDE Factset Analytics Insight

MXDE provides a portfolio of low-correlation emerging-market stocks while excluding firms that do not align with the index provider’s definition of socially responsible investing principles. The fund’s index screens the eligible universe of large- and midcap companies, removing those involved in the production of controversial weapons, tobacco, or coal, and those engaged in human rights violations, environmental damage, corruption, or other serious ethical violations. Next, the index uses a mathematical model to minimize the covariance between its constituents, resulting in a portfolio of stocks with low or negative correlations to each other. This is the “maximum diversification” alluded to in the fund’s name—but note that MXDE may not be especially diversified by more traditional measures, and holds a fraction of the names in our segment benchmark index. The model applies constraints to ensure that the portfolio does not stray too far from market weights, but these are loose enough that significant tilts are still possible. The index is reconstituted quarterly.

MXDE MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of May 23, 2019 the Nationwide Maximum Diversification Emerging Markets Core Equity ETF MSCI ESG Fund Quality Score is 3.06 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. MXDE ranks in the 16th percentile within its peer group and in the 8th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

MXDE Factset Analytics Block Liquidity

This measurement shows how easy it is to trade a $1 million USD block of MXDE. MXDE is rated a 1 out of 5.

MXDE Tradability

Avg. Daily Share Volume
77

Average Daily $ Volume
$1.67K

Median Daily Share Volume
0

Median Daily Volume ($)
0

Average Spread (%)
0.28%

Average Spread ($)
$0.06

Median Premium / Discount (12 Mo)
0.35%

Max. Premium / Discount (12 Mo)
5.20% / -3.78%

Impediment to Creations
None

Market Hours Overlap
16.00%

Creation Unit Size (Shares)
100,000

Creation Unit/Day (45 Day Average)
0

Creation Unit Cost (%)
0.34%

Underlying Volume / Unit
2.49%

Open Interest on ETF Options
--

Net Asset Value (Yesterday)
$21.11

ETF.com Implied Liquidity
1

MXDE Sector/Industry Breakdown

MXDE

Segment Benchmark

Financials

18.79%

25.63%

Consumer Cyclicals

13.87%

7.50%

Technology

12.60%

26.72%

Consumer Non-Cyclicals

11.14%

6.20%

Healthcare

9.32%

2.87%

Telecommunications Services

8.38%

3.91%

Industrials

7.49%

5.96%

Energy

6.23%

7.88%

Basic Materials

5.99%

7.35%

Utilities

3.92%

2.65%

MXDE TOP 10 HOLDINGS[View All]

Hindustan Unilever Limited
1.46%

Infosys Limited
1.38%

CP All Public Co. Ltd.(Alien Mkt)
1.30%

Reliance Industries Limited
1.28%

Taiwan Semiconductor Manufacturing Co., Ltd.
1.27%

AngloGold Ashanti Limited
1.15%

Shenzhou International Group Holdings Limited
1.06%

China Mobile Limited
1.05%

Grupo Elektra SAB de CV
1.04%

Sun Pharmaceutical Industries Limited
0.96%

Total Top 10 Weighting
11.95%

MXDE Countries

MXDE

Segment Benchmark

India

22.46%

9.86%

Hong Kong

13.94%

22.20%

Taiwan, Province of China

12.26%

12.16%

Korea, Republic of

11.71%

13.52%

Brazil

9.66%

7.17%

Thailand

8.03%

2.49%

Indonesia

3.02%

2.17%

Mexico

2.99%

2.66%

China

2.80%

8.17%

Malaysia

2.77%

2.27%

MXDE Regions

MXDE

Segment Benchmark

Asia-Pacific

79.48%

74.02%

Latin America

13.41%

11.42%

Europe

4.69%

6.01%

Middle East & Africa

2.28%

7.76%

North America

0.14%

0.78%

MXDE Economic Development

MXDE

Segment Benchmark

Emerging Countries

60.59%

50.74%

Developed Countries

39.41%

49.26%

MXDE Performance Statistics

Goodness of Fit (R2)
0.90

Beta
0.82

Up Beta
0.82

Down Beta
0.89

Downside Standard Deviation
0.31%

Segment Benchmark
MSCI Emerging Markets Investable Market Index

MXDE MSCI ESG Ratings

MSCI ESG Quality Score
3.06 / 10

Peer Group Percentile Rank
16.18

Global Percentile Rank
8.31

SRI Screening Criteria Exposure
4.06%

Exposure to Sustainable Impact Solutions
5.69%

Weighted Average Carbon Intensity (t CO2e/$M Sales)
169.18

MXDE BENCHMARK COMPARISON HOLDINGS

MXDE Number of Holdings
304

Benchmark Constituents
2639

Shared Holdings
278

Shared Holdings Weight
27.84%

MXDE BENCHMARK COMPARISON SUMMARY

MXDE

Segment Benchmark

Number of Holdings

304

2639

Weighted Average Market Cap

$20.60B

$85.43B

Price / Earnings Ratio

22.87

13.21

Price / Book Ratio

2.12

1.61

Dividend Yield

2.12%

2.59%

Concentration

Low

Low

MXDE BENCHMARK COMPARISON MARKET CAP SIZE

MXDE

Segment Benchmark

Large (>12.9B)

36.15%

59.01%

Mid (>2.7B)

49.47%

27.88%

Small (>600M)

14.38%

10.90%

Micro (<600M)

0.00%

2.22%

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.